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HONG KONG SAR – Media OutReach – 26 November 2020 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in first-, second- and robust third-tier cities in China, is pleased that Moody’s Investors Service (“Moody’s”) has upgraded the corporate family rating (CFR) of CIFI Holdings (Group) Co. Ltd. to Ba2 from Ba3 and upgraded the senior unsecured debt […]

HONG KONG SAR – Media OutReach – 13 November 2020 – The government has launched the Technology Voucher Program (TVP) for some time, and the amount and conditions have been widened. But some companies still have difficulty in applying for TVP. The TVP scheme is a subsidy scheme set up using government public funds, and certain criteria are also set for approval to ensure that the scheme can be […]

Small business sector shows resilience in challenging conditions; operational discipline during COVID-19 drives free cash flow of $54 million   WELLINGTON, NEW ZEALAND – Media OutReach – 12 November 2020 – Xero Limited (ASX: XRO) today reports half year earnings to 30 September 2020 (H1 FY21) that demonstrate the resilience of its global subscriber base, and its proactive response supporting customers and partners, in a challenging COVID-19 […]

Advances in Managing Data Create New Levels of Insight and Performance Accountability for Today’s Agile Organizations   SINGAPORE – Media OutReach – 30 October 2020 – Workday Inc. (NASDAQ: WDAY), a leader in enterprise cloud applications for finance and human resources, today announced availability of Workday Accounting Center and machine learning (ML)-driven predictive forecasts for Workday Adaptive Planning, as well as additional functionality across its finance offerings, to drive insights, […]

Creating Better Lifescapes through Initiatives in Adopting Renewable Energy, Reducing Single-Use Plastics and Redefining Property Development Philosophy   HONG KONG, CHINA – Media OutReach – 23 October 2020 – Sino Group today announced its Sustainability Vision 2030 (‘SV2030’) initiative in support of the United Nations Sustainable Development Goals (UNSDGs). Under its SV2030, the Group has set sustainability goals that align with the six key areas of focus under its ‘Creating […]

High-quality land bank and strong execution, stable profitability and financial leverage   HONG KONG, CHINA – Media OutReach – 22 October 2020 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer and investor in first-, second- and robust third-tier cities in China, is pleased that Lianhe Ratings Global Limited (“Lianhe”), an international credit rating company, has upgraded CIFI’s global scale […]

New international advisory board members: Mr Glenn Cross (Australia), Dr Jittaporn Wattanaseree (Thailand) and Ms Carol Aebi (Switzerland) Management team appointment: Mr Pierre Nathie of Med2Mark as VP, Commercialisation ZURICH, SWITZERLAND – EQS Newswire – 13 October 2020 – Achiko AG (SWX:ACHI, ISIN CH0522213468) is pleased to announce an update to its management and advisory team. As progress continues towards the launch of Achiko’s Covid-19 test kit […]

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Infor’s digital hotel management solutions have helped the hotel chain enhance their hospitality services benefitting both colleagues and guests   BEIJING, CHINA – Media OutReach – 16 September 2020 – Infor, a global leader in business cloud software specialized by industry, today announced at Inforum that Mandarin Oriental Hotel Group (MOHG) has won the 2020 Infor Customer Excellence Award (APAC) for their implementation of Infor’s digitalized cloud solution, namely Infor Hospitality […]

BRUSSELS: The European Union on Monday added its voice to an international outcry over the execution of Iranian wrestler Navid Afkari, saying the death penalty is a cruel and inhumane punishment

SINGAPORE – Media OutReach – 4 September 2020 – HUA Exchange “HUAX” has registered over 1 million users, across 200 countries and regions. HUAX (Hua Exchange) is a digital asset trading platform, registered in Cayman Island. With the key mission of “Your own Exchange, You can Trust”, HUAX is currently offering traders with the lowest transaction fees, a cutting-edge security system, and deep liquidity trades for digital assets, over-the-counter and […]

Proposed interim dividend of HK11 cents per share  Contracted sales and cash collection for first seven months both exceeded RMB 100 billion   HONG KONG, CHINA – Media OutReach – 28 August 2020 – CIFI Holdings (Group) Co. Ltd. (“CIFI” or the “Group”, HKEx stock code: 884), a leading real estate developer engaged in the property development and investment business in the first-, second- and robust third-tier cities in China, […]

SINGAPORE – Media OutReach – 18 August 2020 – The Board of Directors (“Board“) of Spackman Entertainment Group Limited (“Company“ and together with its subsidiaries, the “Group“) wishes to inform shareholders that the Company has today entered into a non-binding memorandum of understanding (“MOU“) with Spackman Equities Group Inc (“SQG” or the “Purchaser“), a company listed on the TSX Venture Exchange in Canada, pursuant to which the Company intends to sell […]

Eagle Hospitality Trust receives Notice of Breaches (Legal Notice)   Urban Commons has directly contributed approximately US$10 million more to Eagle Hospitality Trust than hotel-level generated income to support the REIT In addition, Urban Commons’ affiliate, as the parent company of the REIT Manager, has injected almost US$6 million into the REIT Manager to support operations Urban Commons clarifies the one-sided announcements stemming from Eagle Hospitality Trust […]

By Matein Khalid Last week witnessed a feeding frenzy from the crème de la crème of Wall Street’s smart money (and some Dubai’s smart money LOL!) to be part of the private market financing of Reliance Jio, the emerging supernova of India’s digital ecosystem. After having spent $50 billion in building a scalable, state of the art wireless network, Mukesh Ambani realized that he needed strategic investors […]

By Lucky La Riccia Digital technologies are transforming industries worldwide. With 5G being deployed across the region, service providers increasingly recognize the new business opportunities that digital transformation of the enterprise market will bring. However, to successfully address these opportunities and accelerate longer-term growth, they need to extend their focus from traditional revenue streams to center on digitalizing targeted industries. While leading service providers in the region […]

Two companies team to deliver integration capabilities to simplify OT/IT integration for the most critical OT data sources to bring the Connected Enterprise to life for customers   MILWAUKEE, U.S. – Media OutReach – 11 June 2020 – Rockwell Automation, Inc. (NYSE: ROK) and PTC (NASDAQ: PTC) today announced strategic enhancements to industry leading FactoryTalk InnovationSuite, powered by PTC, to serve the needs of a very fast growing, dynamic […]

Infor recognized for completeness of vision and ability to execute   BEIJING, CHINA – Media OutReach – 9 June 2020 – Infor, a global leader in business cloud software specialized by industry, today announced that Gartner Inc. has positioned Infor as a Leader, for the second consecutive time, in its Magic Quadrant for Warehouse Management Systems (WMS). Infor was positioned in the Leaders quadrant for its ability to execute and its completeness […]

By Matein Khalid I had recommended SAP shares at €82 in the Gulf financial press in early 2018 as its then CEO Bill McDermott committed the firm to the digital transformation of the UAE at Dubai’s World Government Summit. I published a second article on August 7, 2019 tilted “German software colossus SAP shares will more than double by 2023!”. The shares were €104 in Frankfurt on […]

 In an event held at the UAE’s only ecological school, the Arbor School, the Finnish Expo 2020 Dubai pavilion and the real-life Finnish Santa Claus highlighted the importance of adopting and adapting a circular economy in order to combat the current climate crisis the world is facing and empowering our youth to be part of sustainable change. The Arbor School was selected to host Santa Claus due […]

By James M. Dorsey A public apology by a prominent Salafi scholar sheds a light on Saudi crown prince Mohammed bin Salman’s version of ‘moderate Islam,’ his effort to shape the Middle East and North Africa in his mould, and the replacement of religion with hyper-nationalism as the source of his legitimacy. Claiming to speak in the name of the Sahwa or Awakening movement, Aidh al-Qarni, one of the […]

|By Arabian Post Staff| Emirates Integrated Telecommunications Company (EITC), popularly known as du,  announced the resignation of its chief financial officer, Amer Kazim, who is leaving to take up a position with a Dubai government-owned organization. Amer Kazim will remain with EITC till the end of the first quarter of 2019 to ensure a smooth handover of responsibilities and to supervise the full year 2018 financial results. Mohamed […]

|By Arabian Post Staff| The total value of international trade through Dubai’s free trade zones recorded 22 percent jump to US$107.35 billion (Dh394 billion) in the first nine months of 2018, according to a latest report. This represents 41 percent of the emirate’ total trade of the first nine months. Imports amounted to 54.5 percent at Dh215 billion, while exports and re-exports reached 45.5 percent at Dh179 billion. Overall, […]

|By Arabian Post Staff| Saudi enforcement courts revealed the recovery of more than 3.4 billion dollars (around 13 billion Saudi Riyals) after enforcing a number of foreign rulings. The rulings came from foreign arbitration committees and foreign courts from a number of countries around the world concerning individuals, companies and entities inside the Kingdom. The most recent one came from a Court in Virginia, forcing a Saudi tourism company to pay $3,758,000 (SAR […]

|By Arabian Post Staff| Emirates Group reported a 67 percent jump in net profits to $1.1 (Dh4.1 billion) billion in 2017-18 financial year ending March 31, 2018 compared to the previous year, with revenues reaching $27.9 billion (Dh102.4 billion), crossing the Dh100 billion mark for the first time in the history of the 32 year old airline group that includes Emirates Airline and its ground handling and ticketing arm, […]

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